Post deal, Pfizer would own around 16.6 percent of ICU Medical, as per a release issued by the drug maker in October.

In another tweet, CCI said its has cleared "acquisition of Pfizer Inc's Hospira Infusion Systems business by ICHOSPIRA U Medical Inc".

Pfizer has good presence in India.

ICU Medical is into development, manufacture and sale of innovative medical devices.

The fair trade regulator has also given the green signal for the proposed joint venture between TDK Corp and Toshiba Corp.

According to a filing by the companies to the watchdog, Toshiba would hold 25 per cent shares in the joint venture and the remaining 75 per cent would be with TDK.

The joint venture named TDK Automotive Technologies Corporation, would engage in the development, manufacture and sales of automotive inverters for hybrid vehicles, plug-in hybrid vehicles and electric vehicles, a Toshiba press release had said.

Both companies have India presence.

The acquisition of stake in Gestamp Automocion S A by Mitsui & Co has also been cleared by the regulator.